An update on the feasiblity study was expected to be released...

An update on the feasiblity study was expected to be released this quarter some time so the further delay is disappointing. Seems there is still to be some news released in the next week or two though, resource estimation for the West Pit, geotechnical assessment and the completion of metallurgical test program. Sounds like they are still waiting on assay results from the May 2010 drilling program, they havent got long to get this data back and into the resource model and get an estimate released.

This announcement is the first time they have mentioned a Stage 2 production scenario which could potentially double the initial planned 1.5MTpa rate and double the project life.